Archive for May 26th, 2006
I’ll drink to that
A drink a day is good for your heart if you are an older man, Danish researchers have said, according to a report published in the British Medical Journal
A study of 50,000 men aged 50 to 65 found that daily alcohol reduced their risk of coronary disease by more than 40 per cent. However, the [...]
Posted: May 26th, 2006 under Steel.
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Steel stocks rise in Europe.
LONDON, England (Reuters) — European stocks jumped 1 percent on Friday as sentiment continued to improve after the recent correction, with steelmakers in focus after Arcelor said it planned to merge with Russia’s Severstal.
Arcelor, fighting a hostile takeover from global sector leader Mittal Steel, fell 3 percent as dealers said Mittal may struggle to raise [...]
Posted: May 26th, 2006 under Steel.
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Arcelor to merge with Severstal to thwart Mittal bid
Arcelor has moved to fend off Mittal Steel’s hostile €22.8bn bid by striking a deal with Russian steel rival Severstal.
The European steel giant will buy Severstal in a deal that gives the Russian group’s owner a one third stake in what would then be the world’s most profitable steel maker.
It values Arcelor at €44 a [...]
Posted: May 26th, 2006 under Steel.
Comments: none